What is the difference between a home in Cleveland, Ohio and in Columbus, Ohio?

Nov 14, 2020 | Questions

Ohio is one of the best and comfortable places to live globally, owing largely to the fact that it has an affordable cost of living. No matter what you do for a living, you will find it easy to live comfortably in Ohio. Starting from the housing cost to other…

Ohio is one of the best and comfortable places to live globally, owing largely to the fact that it has an affordable cost of living. No matter what you do for a living, you will find it easy to live comfortably in Ohio.

Starting from the housing cost to other features like transportation, health services, recreation, feeding, education, and the likes, Ohio has what it takes to make you live fine within your means.

There are two common places that people usually consider when they want to get a home in Ohio: Cleveland and Columbus.

Cleveland is situated on the southern coast of Lake Erie, which is around 60 miles towards the west of the Pennsylvania boundary.

Cleveland is one place you would love because it has the fastest developing healthcare economy in the United States. And it has the popular word-class Cleveland Clinic. Cleveland’s occupancy rate is pegged at 98%, and the sales of home increase by 12% each year.

On the other hand, Columbus is the capital city of Ohio, also known as the county seat of Franklin County. Columbus is unarguably the biggest city in Ohio, and it is currently one of the most technologically empowered cities in the United States of America.

The well-renowned Batelle Memorial Institute is located in Columbus, Ohio, and it is known as the biggest and the best private research and development foundation in the world. Also, Columbus Ohio, is home to Ohio State University, the third-largest university campus in the United States of America.

It would interest you to know that Cleveland’s home property value is more affordable than most cities in the United States market. The median price of a three-bedroom home in Cleveland was $138,000 in 2019. And this figure is lower than the national average of $222,000 by 38%.

Also, Cleveland’s median rent of a three-bedroom house was $1068, which is less than the national average. Over the last seven years, this current figure results from a 7% rise in 7 years.

Cleveland’s real estate market is very stable, affordable, and with a real estate wholesaler by your side, you will be able to get a fair deal.

 Like Cleveland, the home property value in Columbus is more affordable than most cities in the real estate market.

The median price of a three-bedroom home in Columbus was $183,000 in 2019. And this figure is lower than the national average in the United States. Also, the median rent of a three-bedroom house in Columbus was $1,115. And the rents have risen by 17% over the past seven years.

One of the amazing facts about Cleveland and Columbus is, the homes are very affordable. No matter what you earn in either Cleveland or Columbus, you will be able to get a convenient place to lay your head.

Also, one of the ways people get mouthwatering house in Cleveland deals is through Real estate wholesalers. It is more beneficial to have a real estate wholesaler involved in the entire sales process. Even though you will have to pay an additional fee for their services, it is usually worth it in the long run.

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